Why was Spain the only country that issued pieces of eight but not the only country to use them?

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asked Aug 6, 2022 12.4k views

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Nihique · Answer 1 · 2022-08-09T18:07:13+0000

Answer:

Since the settlements in the New World were all possessions of their mother countries (England, Spain, France, Portugal, and the Netherlands), they did not have monetary systems of their own. The Spanish silver coin was so named because it was worth eight reals and at one time had an eight stamped on it.

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Why was Spain the only country that issued pieces of eight but not the only country to use them?

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